The Daily times. [volume] (Richmond, Va.) 1886-1889, 1887-04-21

ct. Of This Valuable iI"P'''f
Al, charles l.. Todd Purchases the "'''
for sIeO.OO0.
Yesterday in execution Of decree oil
- Chorcerv Court I'm the case OF stokes
'n1 ,Iep against the CALICO Mills Man
. aT~ COMPANY. Messrs. II. seldom
Torior and \. ". Bowe. real estate
aaonts Jointly offered the CALICO Niil'
onor,y for sale al public auction.
Thorc was "a very large attendance IN.
Guiding representatives OF All uIahcllcs ~ ~
trade At 1890 o'clock pan. MF ~ W
Bowe began the sale -, eo,,r
Tbc first piece offered was the hour
mills II was some time before pa wa,
mode 'ai Finally Mr. r. b. Chaiiin bid
S5oOO0 Mr. John = Branch raised him
~ oo0 Mr.. Chafin bid 100000 and the
,r,,;il ,yas knocked ont 10 Nh Il. i. Chat
en- Dr r 4. Patterson and associates.
The corn mill. situated on the south
side of Canal street. Immediately opPo-
site the flour mill, and the lot al me
soptbwest corner of Twelfth and Canal
efreets adjoining and east OF The corn
min having thereon "a massive granite
foundation. were next put up. Mt
Tallman. representing ihc NOmnleI ,.,l,,
Bank Of New Bedford, bld SEV'VUO
Spirited bidding took place, ana the
propertv was knocked Out TO MT. I. J."
Todd 81
The sprinc lot west Of the corn mill,
fronting j33 feet on Canal street was a
knocked out 40 S3G per front foot TO {.
l.. Todd, purchaser.
The sumac-miil lof ON the east side OF
Twelfth street. 13s feet by POO feet
brought $500. MI G., J.. Todd pur-
chaser.
The large four.story brick store house
corner of Twelfth street and Basin-bank
was Knocked out at $4,000, ". II. Jones.
of Danyille, purchaser
The Ruthcrf0rd-miil Tot, half mile west
of Richmond, ON the Richmond and AL
lerhanv railroad. about a quarter OF am
acre. was knocked out at S24lO. j. D.
Todd purchaser
The several pieces of property aggre-
gated $1O2,4jS.
Mr. il seldom Taylor then offered the
property as a whole Mr. c J.. Todd bld
S1O5 600 Major Frederick r Scott bid
StOG 600 Mr. Thomas Potts $4,000.
Major Scott bid $l1l 900 Mr. Potts made
il $4,000 Major Scott raised his bid
81 900 Mr.. Charles L. Todd entered the
race and bid S12OOOO This caused all
the other bidders 10 drop off, and This
bid was cried by the auctioneer for about
half an hour, who seeing no prospect
Of getting another bid, knocked the prop
erty out to Mr. Todd.
The Gallego brands sold for $3.50
They were bought by John l.. Williams
81 Son
MI Tallman, representing the Com
mercial Bank of New Bedford, Mr.
Thomas Potts. and MI Charles =. Stokes
executor who are the principal holders
of the first mortgage bonds of the Gal.
lego Mills Company, said that they were
satisfied with the sale, and would not
throw any implement in the way OF hav.
Ing the sale confirmed by the court.
The cost i'm the suit and the expenses
of sale will amount 10 about $4,000
leaving "a balance of $S0,OO0-abOut Al
per cent. of the first mortgage bonds.
Mr.. Todd, it is understood purchased
the property for himself and il is expect
ed that ne will make arrangements TO
begin operations on an extended scale al
an early date
lie is one of Richmond's most enter
prising citizens, and under his manage
ment there can De but little doubt but
what the old-time reputation of The world
famed mills will DE fully maintained.